Insider Buying: Fluent (NASDAQ:FLNT) Insider Purchases $10,350.00 in Stock

Fluent, Inc. (NASDAQ:FLNT) insider Ryan Schulke acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $2.07 per share, with a total value of $10,350.00. Following the completion of the transaction, the insider owned 3,497,995 shares in the company, valued at $7,240,849.65. The trade was a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fluent Stock Performance

Fluent stock opened at $2.17 on Tuesday. Fluent, Inc. has a 12-month low of $1.70 and a 12-month high of $4.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $3.03 and its two-hundred day moving average price is $2.90. The stock has a market cap of $64.70 million, a PE ratio of -2.49 and a beta of 1.03.

Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. The firm had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. As a group, analysts expect that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLNT has been the subject of several research reports. Canaccord Genuity Group increased their price objective on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. Lake Street Capital initiated coverage on shares of Fluent in a research note on Thursday, April 23rd. They set a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Fluent presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Institutional Investors Weigh In On Fluent

Several large investors have recently modified their holdings of FLNT. Mink Brook Asset Management LLC acquired a new position in Fluent in the third quarter valued at $634,000. Susquehanna International Group LLP boosted its position in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares during the last quarter. Geode Capital Management LLC grew its holdings in Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares during the period. Millennium Management LLC bought a new position in shares of Fluent in the 4th quarter worth about $84,000. Finally, 4WEALTH Advisors Inc. raised its position in shares of Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after acquiring an additional 4,735 shares in the last quarter. 23.33% of the stock is currently owned by institutional investors and hedge funds.

About Fluent

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.